AI-generated from publicly available materials.Oceanloop, a Munich-based innovator in recirculating aquaculture systems (RAS), has successfully raised up to €38.5 million to expand its production capabilities for Giant Grouper in Europe.
The funding comprises equity investments from Hatch Blue’s Blue Revolution Fund and Stolt Ventures, alongside a €32 million venture-debt facility from the European Investment Bank. This financial backing is aimed at supporting Oceanloop's transition from research and development to large-scale commercial operations. Dr. Fabian Riedel, the company's founder and CEO, emphasized that this investment will enable them to leverage specialized expertise and accelerate their growth in the aquaculture sector.
Founded in 2023, Oceanloop emerged from the merger of Crusta Nova and Sander’s marine RAS expertise. The company is recognized for its modular, software-driven systems, which integrate various components necessary for efficient marine farming. Oceanloop claims to be the first in Europe to cultivate Giant Grouper, with sales from its existing facility in Strande having commenced in April 2026. The company aims to construct a 250-ton farm by the end of 2026, followed by a larger facility in Gran Canaria with a capacity of 2,000 tons.
By focusing on Giant Grouper, Oceanloop seeks to create a new premium seafood category in Europe that offers a sustainable alternative to imported seafood. The company also plans to continue its research in shrimp farming and is exploring potential partnerships for expanding its technology into international markets. This strategic direction not only highlights Oceanloop's commitment to innovation but also addresses the growing demand for locally sourced seafood in the European market.